@Charanjit SinghYes such transaction is allowed provided specific rules are followed.

By the home first then refinance Wholesalers are not banks lenders The rules are strict and if you do not have experience in buying properties then work with an agent and you can do all the nice things like contingencies inspection appraisal financing etc

Check out line #6 ...The following fourteen items must be included in any contract between a homeowner and a registered home improvement contractor for home improvement work.

Don’t be scared to follow your dream.

It is the classic I will be there on Tuesday to begin sheet rocking your project followed by me receiving a text informing me my helpers want to attend a Halloween party so I cannot make it Tuesday but will be there 1st thing Wednesday morning. 

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That means If you do find a property with the 1% rule being followed, the numbers usually make sense.

Below are the following answers about his financial plan:1.

You can make your criteria as strict and specific as you like, as long as you don't violate any fair housing protected groups. 

I should add that I am in California, but if you follow the rules and read the contracts (and have an assist from a legal team), its not that bad.